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FxWirePro: USD/TRY hits fresh weekly high at 3.0268, intraday bias remains bullish

  • USD/TRY is currently trading at 3.0259 levels.
     
  • It made intraday high at 3.0268 and low at 3.0095 levels.
     
  • Intraday bias remains bullish till the time pair holds key support at 3.0085 marks.
     
  • A sustained close below 3.0085 mark will drag the parity down towards key supports around 2.9725, 2.9667, 2.9598, 2.9189, 2.9015 and 2.8847 thereafter.
     
  • On the other side, key resistance levels are seen at 3.0392, 3.0675, 3.0749, 3.0921, 3.0967 and 3.1048 levels respectively.

We prefer to take long position in USD/TRY around 3.02, stop loss 3.0085 and target 3.0479.

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